Acquisitions of Rumble and BFT and Successful IPO Acknowledged as Some of Year’s Most Spectacular Specials in Franchising
IRVINE, Calif., April 29, 2022–(Small business WIRE)–Xponential Fitness, Inc. (NYSE: XPOF) (“the Company”), the biggest worldwide franchisor of boutique health makes, was announced now as a winner in the 2022 Franchise Times Dealmakers Awards, the 10th yearly task recognizing the boldest players driving mergers and acquisitions in franchising. Xponential Health captured the prestigious award with the acquisitions of Rumble and BFT. The Enterprise was also regarded for going public on July 23, 2021 on the New York Inventory Trade.
The winners have been chosen by a panel of judges, all gurus in franchising, finance and M&A, and personnel members from finalist nominations solicited by Franchise Periods. Conditions integrated complexity and strategic importance of the deals, affect of the deals on enterprise functionality, and shown achievements in driving efficiency immediately after closing.
“We are honored to be recognized for our achievements by a person of the most reputable franchising publications in the sector, especially in our very first 12 months as a public corporation,” said Anthony Geisler, CEO of Xponential Fitness, Inc. “2021 was a monumental yr for us, and this award speaks to our team’s difficult operate successfully negotiating and finishing our a variety of transactions.”
Xponential Health obtained Rumble, a boutique boxing fitness concept, in March 2021, marking the ninth model in its varied portfolio of franchised physical fitness ideas. Rumble delivers 45-minute, 10-round, complete-physique power and conditioning workout routines crafted all over specially made h2o-loaded, teardrop-fashion boxing bags. Upon completion of the acquisition and regular with the profits method of Xponential Fitness’ other brands, a seasoned income team started quickly franchising the thought. To date, Rumble has signed around 200 franchise agreements in the U.S. as properly as Grasp Franchise Agreements in Australia and New Zealand, which provide the Master Franchisee the opportunity to license more than 100 Rumble studios in excess of the upcoming 5 a long time.
Then in Oct 2021, Xponential Health and fitness obtained BFT, an Australia headquartered useful and power-based education health franchisor, bringing the Company’s overall portfolio to ten brands. BFT features neighborhood-dependent 50-minute practical, large-energy energy, cardio, and conditioning-centered courses throughout 13 exercise systems. Upon completion of the acquisition, Xponential Exercise entered into a Master Franchise Settlement with BFT’s sellers, under which the sellers became Xponential Learn Franchisees and are foremost BFT’s international expansion.
In in between the completion of these two acquisitions, Xponential Health debuted on the NYSE on July 23, 2021 with the pricing of its $120 million original public presenting. Xponential Fitness’ IPO positions the Firm to carry on to execute its mission to make boutique health available to all for a lot of several years to occur. The achievements of and trader self-confidence in the Organization are mirrored in the investing price of our inventory considering the fact that the IPO.
Beyond the two acquisitions in 2021 and the Company’s IPO, Xponential awarded 846 new franchise territories and opened 282 new spots across its manufacturers, which includes global debuts in Spain and the Dominican Republic. Throughout its makes, which also involve Club Pilates, Pure Barre, CycleBar, StretchLab, YogaSix, Row Household, AKT, and STRIDE, the Firm now has more than 2,100 studios open up globally.
To capitalize on this momentum, the firm a short while ago introduced XPASS throughout the United States. XPASS is a new platform that allows users to ebook courses throughout all of Xponential’s makes with just one membership. The go offers health and fitness fanatics access to tens of 1000’s of lessons across many fitness modalities, ranging from brain-physique balance to endurance, conditioning, and strength. Additional maximizing this accessibility to many modalities, in April 2022, Xponential Conditioning introduced its new electronic system Xponential+ (“XPLUS”), offering live and on-need accessibility to the similar sought-soon after workout routines available in hundreds of studio destinations about the world. Xponential Conditioning also just recently declared its collaboration with life style-encouraged athletic attire enterprise lululemon (NASDAQ: LULU) to build unique conditioning programming for the MIRROR, the retailer’s clever house gym providing that offers a robust training library of more than 10,000 on-demand from customers classes.
A virtual awards presentation will emphasize Franchise Periods Dealmakers Week April 25-28, a new on the net discussion board showcasing leading dealmakers sharing their advancement approaches.
For far more data about all Xponential Exercise manufacturers, visit www.xponential.com.
ABOUT XPONENTIAL Exercise:
Xponential Health, Inc. (NYSE: XPOF) is the greatest world franchisor of boutique fitness models. Via its mission to make boutique physical fitness obtainable to all people, the Firm operates a diversified platform of 10 brand names spanning across verticals including Pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, jogging, functional training and yoga. In partnership with its franchisees, Xponential Exercise offers energetic, obtainable, and personalised exercise activities led by very competent instructors in studio destinations across 48 U.S. states and Canada, and by means of master franchise or worldwide enlargement agreements in 10 supplemental nations around the world. Xponential Fitness’ portfolio of makes incorporates Club Pilates, the premier Pilates brand name in the United States CycleBar, the largest indoor biking model in the United States StretchLab, a notion providing one-on-a single and team stretching products and services Row Residence, the greatest franchised indoor rowing model in the United States AKT, a dance-dependent cardio workout combining firming, interval and circuit instruction YogaSix, the major franchised yoga brand in the United States Pure Barre, a complete entire body exercise that takes advantage of the ballet barre to perform tiny isometric actions, and the premier Barre brand name in the United States STRIDE, a treadmill-primarily based cardio and energy schooling notion Rumble, a boxing-influenced total-human body exercise session and BFT, a useful education and energy-dependent program. For extra info, be sure to take a look at the Company’s web page at xponential.com.
Ahead-Looking STATEMENTS:
This press launch has ahead-wanting statements that are based mostly on present-day anticipations, estimates, forecasts and projections primarily based on management’s judgment, beliefs, current developments, and expected general performance. Forward-looking statements require dangers and uncertainties that may possibly induce genuine outcomes to vary materially from individuals contained in the forward-searching statements. These elements include, but are not limited to, the impression of the COVID-19 pandemic on our small business and franchisees our relationships with learn franchisees and franchisees problems and troubles in opening studios by franchisees the skill of franchisees to make enough revenues hazards relating to expansion into worldwide marketplaces reduction of name and brand recognition substance weak point in our internal handle over monetary reporting and other challenges as described in our SEC filings, which include our Yearly Report on Type 10-K for the total yr finished December 31, 2021 filed by Xponential Exercise with the SEC and other periodic experiences filed with the SEC. Other unknown or unpredictable aspects or fundamental assumptions subsequently proving to be incorrect could lead to true outcomes to differ materially from those people in the ahead-seeking statements. While we believe that the anticipations reflected in the forward-seeking statements are acceptable, we simply cannot promise potential outcomes, degree of action, effectiveness, or achievements. You really should not put undue reliance on these forward-hunting statements. All data offered in this press release is as of present-day date, except if or else mentioned, and Xponential Conditioning undertakes no duty to update these information and facts, besides as needed beneath applicable regulation.
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